Author: Admin

Factors Affecting Solar Panel Prices: What You Need to Know

Admin
solar-panel

Introduction Solar energy is emerging as a key player in the global renewable energy landscape, offering a sustainable solution to the world’s increasing energy demands. In Pakistan, the adoption of solar panels has seen a significant rise due to the country’s abundant sunlight and the increasing need for alternative energy sources. However, the cost of solar panels can vary widely, influenced by several factors. This blog will explore these factors, providing insights into what affects solar panel prices and how this impacts the Pakistani market. The Global Influence on Local…

Read More

PSO Board Approves Up to $3M for Market Study

Admin
pso

ISLAMABAD: In a significant move, the Pakistan State Oil (PSO) board has approved up to $3 million for a market study to evaluate the feasibility of a $10 billion green refinery or crude-to-petrochemical complex project. Pakistani authorities have already announced a new green refinery policy, offering substantial incentives such as a 7.5% deemed duty for 25 years and a 20-year tax holiday, aligning with Saudi Aramco’s preferences. However, Saudi Aramco has shifted its global investment focus away from refineries. Following extensive diplomatic negotiations, Saudi Aramco recommended including the Chinese firm…

Read More

China Dominates Global Wind and Solar Plant Construction

Admin
Solar-Wind

BEIJING: Nearly two-thirds of the world’s large wind and solar plants under construction are in China, significantly reducing coal’s share in power generation, according to a report by US-based think tank Global Energy Monitor (GEM) released on Thursday. China is building 339 gigawatts (GW) of utility-scale wind and solar, accounting for 64% of the global total, dwarfing the second-place United States, which has a project pipeline of 40 GW. This rapid development puts the global goal to triple renewable capacity by the end of 2030 well within reach, even without…

Read More

Minister Criticizes FBR Amid Soaring Electricity Prices

Admin
Power-Projects

ISLAMABAD: In the face of rising electricity prices and criticism over governance issues in the power sector, Power Minister Awais Ahmad Khan Leghari directed blame towards the Federal Board of Revenue (FBR) during a Senate Standing Committee on Power session on Friday. Addressing the committee, chaired by PTI Senator Mohsin Aziz, Leghari highlighted the FBR’s failure, which he claims has turned the power sector into a tax collection agency, burdening consumers with Rs8 per unit tax even before the recent tariff hike. He noted that electricity demand had dropped by…

Read More

Petrol, Diesel Prices Set to Surge Again

Admin

ISLAMABAD: Petrol and high-speed diesel (HSD) prices are projected to rise significantly in the upcoming review on July 16, mainly due to increasing global oil prices. Petrol is expected to increase by over Rs7.60 per litre, while HSD may see a hike of Rs3.50 per litre. Sources report that international market prices for petrol and HSD have risen by approximately $4.4 and $2 per barrel, respectively, over the last fortnight. Based on current tax rates and final calculations, these increases are anticipated. The government has increased the petroleum development levy…

Read More